Roku to go public

Roku has filed papers to go public and they are hoping their initial IPO will raise them a cool $100 million. In the grand scheme of things the price they are looking to raise seems pretty realistic considering they've got 15.1 million active accounts. Now of course Roku, like many other trendy tech companies, has operated in the red for periods of time but that didn't seem to deter people from investing in companies like Twitter... The Verge has the full story.

Roku Inc., the company that makes various streaming devices and smart TVs, is going public, according to papers filed with the Securities and Exchanges Commission yesterday. It is looking to raise $100 million, and will trade on the New York Stock Exchange with the ticket symbol “ROKU”.

In the SEC filing, the company reports that it had 15.1 million active accounts as of June 30th, 2017, and that those users have “streamed more than 6.7 billion hours on the Roku platform,” during the first half of 2017. Critically, Roku points out that 2.9 billion of those hours was programming supported by advertisers.